Metro FMR · CBSA 33340 · HUD FY2026

Milwaukee-Waukesha, WI MSA Fair Market Rent

HUD's FY2026 Fair Market Rent for the Milwaukee-Waukesha, WI MSA metro area - 17% above the US average.

$1,119
1-bedroom FMR
$1,338
2-bedroom FMR
+6.0%
YoY change
+17%
vs US avg

The verdict

A 2-bedroom in the Milwaukee-Waukesha, WI MSA area rents at $1,338 under HUD's FY2026 Fair Market Rent - 14% above the US average, higher than 54% of the 387 metro areas HUD tracks.

#178
priciest of 387 US metros (2BR)
+14%
vs the US 2-bedroom average
$53,520
income to afford it (30% rule)
+6.0%
1BR change, FY2025→2026

Affordability & income context

Milwaukee-Waukesha: #178 priciest nationally · income context

At the metro's ACS median household income of $76,404, this 1-bedroom FMR takes 17.6% of annual income. It is well below the 30% affordability guide for a median-income household.

The 2-bedroom figure places Milwaukee-Waukesha in the middle half of HUD metro areas, using the same FY2026 HUD schedule as the national comparison.

With 1,568,940 residents, this is a large metro benchmark rather than a single-neighborhood rent quote.

Its 2-bedroom FMR sits in the middle half of HUD metro areas, so the local-income comparison is more informative than the national rank alone.

The studio-through-two-bedroom FMR bands stay below 30% of recorded median income here; the larger-bedroom rows show where that headroom narrows.

ACS median household income lags the FY2026 HUD FMR schedule. The income share is a same-metro cross-source read (Census ACS B19013 vs HUD FMR), not a same-vintage ratio.

Studio

$1,027/mo

16.1% of median income

1 Bedroom

$1,119/mo

17.6% of median income

2 Bedroom

$1,338/mo

21.0% of median income

3 Bedroom

$1,648/mo

25.9% of median income

4 Bedroom

$1,784/mo

28.0% of median income

FMR filing desk

CBSA CBSA·33340

Milwaukee-Waukesha: $1,119/mo 1BR · #178 of 387 metros (2BR) · FY2026 CBSA 33340

  • CBSA 33340
  • 1BR-FMR $1,119
  • 2BR-FMR $1,338
  • RANK-MID #178
  • YOY-SURGE +6.0%
  • VSUS-ABOVE +17%
  • IN-ST-HIGH #13 WI
  • INC-ROOM 18%
  • POP-MEGA 1.6M
  • PHOTO-NEAR Appleton
  • VOUCH-90-110 $1,007–$1,231
  • FY-2026 FY2026

Photo-finish peer: Appleton ($159 1BR gap)

Read with: Understanding rent burden

Where Milwaukee-Waukesha sits among every US metro

2-bedroom Fair Market Rent vs. all 387 HUD metro areas

$1,338 higher than 54% of 387 metro areas

$800–$1,000: 28 metro areas (7%). Below this entry. $1,000–$1,200: 114 metro areas (29%). Below this entry. $1,200–$1,400: 95 metro areas (25%). This entry sits in this band. $1,400–$1,600: 52 metro areas (13%). Above this entry. $1,600–$1,800: 41 metro areas (11%). Above this entry. $1,800–$2,000: 26 metro areas (7%). Above this entry. $2,000–$2,200: 9 metro areas (2%). Above this entry. $2,200–$2,400: 5 metro areas (1%). Above this entry. $2,400–$2,600: 5 metro areas (1%). Above this entry. $2,600–$2,800: 5 metro areas (1%). Above this entry. $2,800–$3,000: 4 metro areas (1%). Above this entry. $3,000–$3,200: 2 metro areas (1%). Above this entry. $3,200–$3,400: 0 metro areas (0%). Above this entry. $3,400–$3,600: 0 metro areas (0%). Above this entry. $3,600–$3,800: 0 metro areas (0%). Above this entry. $3,800–$4,000: 0 metro areas (0%). Above this entry. $4,000–$4,200: 0 metro areas (0%). Above this entry. $4,200–$4,400: 1 metro areas (0%). Above this entry. This metro $800 $4,400 every US metro, bucketed by value

Each bar is a $0.2K-wide band; taller bars hold more metro areas. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Department of Housing and Urban Development, Fair Market Rents · FY2026

CBSA 33340

Counties inside Milwaukee-Waukesha

Across 4 HUD counties in CBSA 33340, 2-bedroom FMRs cluster tightly ($1,338–$1,338, 0% spread), so the metro-wide schedule tracks most constituent counties closely.

Milwaukee County 2BR $1,338 · 933K Waukesha County 2BR $1,338 · 407K Washington County 2BR $1,338 · 137K Ozaukee County 2BR $1,338 · 92K

Milwaukee-Waukesha studio–4BR schedule (FY2026) · 2BR #178 nationally

1BR $1,119 (+17% vs US, +6.0% YoY). Each bedroom band below is FY2026 HUD FMR for CBSA 33340.

Studio
$1,027
US avg $893
↑9.4% YoY +15% vs US
1 Bedroom
$1,119
US avg $959
↑6.0% YoY +17% vs US
2 Bedroom
$1,338
US avg $1,175
↑6.4% YoY +14% vs US
3 Bedroom
$1,648
US avg $1,525
↑5.8% YoY +8% vs US
4 Bedroom
$1,784
US avg $1,756
↑4.9% YoY +2% vs US

How Milwaukee-Waukesha compares on 1-bedroom rent

1-bedroom FMR vs other WI metro areas

1BR FMR / mo

What this shows Milwaukee-Waukesha highlighted among 5 peers · FY2026 1BR HUD FMR.

Source U.S. Department of Housing and Urban Development (HUD) As of FY2026

Milwaukee-Waukesha: out-of-state FMR & burden peers

PlainRent pairs Milwaukee-Waukesha with the 4 nearest HUD 2BR schedules and 4 nearest burden matches outside WI (burden peers exclude the FMR set; pop ≥50k).

2BR FMR · outside WI

Nearest schedules by 2BR delta (FY2026).

Tyler
TX · 2 BR $1,338/mo
San Angelo
TX · 2 BR $1,339/mo
York-Hanover
PA · 2 BR $1,335/mo
Barry County
MI · 2 BR $1,334/mo

Burden % · outside WI

Nearest 2BR FMR ÷ ACS median income (FY2026).

Lynchburg
VA · 21% of income · 2 BR $1,187/mo
Fayette County
WV · 21% of income · 2 BR $915/mo
Grand Junction
CO · 21% of income · 2 BR $1,249/mo
Baton Rouge
LA · 21% of income · 2 BR $1,204/mo

Milwaukee-Waukesha: quick answers

What is the average rent in the Milwaukee-Waukesha, WI MSA metro area? ▼
The FY 2026 Fair Market Rent for a 1-bedroom in Milwaukee-Waukesha, WI MSA is $1,119 per month. A 2-bedroom is $1,338 and a studio is $1,027.
How does Milwaukee-Waukesha, WI MSA rent compare to the national average? ▼
Rent in the Milwaukee-Waukesha, WI MSA metro area is 17% above the national average. A 1-bedroom costs $1,119 compared to $959 nationally.
Where does Milwaukee-Waukesha rank nationally for Fair Market Rent? ▼
HUD's FY 2026 2-bedroom FMR of $1,338 ranks #178 most expensive among 387 US metro areas (the middle half of HUD metro areas).
Do county rents differ inside the Milwaukee-Waukesha metro area? ▼
Yes. HUD assigns one metro-wide FMR for CBSA 33340, but 4 constituent counties publish their own county FMR schedules spanning $1,338–$1,338 for a 2-bedroom (0% spread). Use county pages for filing at the county level.

Compare Milwaukee-Waukesha vs Appleton →

Data as of FY 2026. Source: U.S. Department of Housing and Urban Development (HUD) Fair Market Rents. Population and demographic data from U.S. Census Bureau American Community Survey (ACS).

Read our methodology - how this data is sourced, computed, and verified.

FY 2026 HUD FMR $1,119/mo · 1BR WI

Every figure on PlainRent is rendered directly from HUD's published Fair Market Rent records, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of FY 2026.